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Business co-owner vs specialist-small business

The differences between business co-owners and specialist-small businesses can be seen in a few details. Each job has different responsibilities and duties. Additionally, a business co-owner has an average salary of $82,255, which is higher than the $72,318 average annual salary of a specialist-small business.

The top three skills for a business co-owner include customer service, financial statements and market research. The most important skills for a specialist-small business are customer service, customer relationships, and business development.

Business co-owner vs specialist-small business overview

Business Co-OwnerSpecialist-Small Business
Yearly salary$82,255$72,318
Hourly rate$39.55$34.77
Growth rate6%10%
Number of jobs99,12574,941
Job satisfaction--
Most common degreeBachelor's Degree, 54%Bachelor's Degree, 63%
Average age4744
Years of experience6-

Business co-owner vs specialist-small business salary

Business co-owners and specialist-small businesses have different pay scales, as shown below.

Business Co-OwnerSpecialist-Small Business
Average salary$82,255$72,318
Salary rangeBetween $65,000 And $103,000Between $41,000 And $124,000
Highest paying City--
Highest paying state--
Best paying company--
Best paying industry--

Differences between business co-owner and specialist-small business education

There are a few differences between a business co-owner and a specialist-small business in terms of educational background:

Business Co-OwnerSpecialist-Small Business
Most common degreeBachelor's Degree, 54%Bachelor's Degree, 63%
Most common majorBusinessBusiness
Most common collegeWestern Carolina UniversityWestern Carolina University

Business co-owner vs specialist-small business demographics

Here are the differences between business co-owners' and specialist-small businesses' demographics:

Business Co-OwnerSpecialist-Small Business
Average age4744
Gender ratioMale, 43.3% Female, 56.7%Male, 57.7% Female, 42.3%
Race ratioBlack or African American, 9.3% Unknown, 5.0% Hispanic or Latino, 15.8% Asian, 6.7% White, 62.6% American Indian and Alaska Native, 0.7%Black or African American, 6.4% Unknown, 4.6% Hispanic or Latino, 9.4% Asian, 8.8% White, 70.4% American Indian and Alaska Native, 0.4%
LGBT Percentage8%11%

Differences between business co-owner and specialist-small business duties and responsibilities

Business co-owner example responsibilities.

  • Manage the day to day operation/financial operations of Medicare certify home health agency.
  • Procure and train for new POS system.
  • Design a business website and Facebook site to promote and interact with customers.
  • Support weekly and monthly business invoice statements using QuickBooks.
  • Provide full service general remodeling service specializing in custom windows and doors installation.
  • Maintain all record-keeping for inventory integrity, accurate financial reporting to include payroll, invoicing, account collections and tax reporting.
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Specialist-small business example responsibilities.

  • Lead the consumer sales and all service functions within a banking center.
  • Develop new business strategies, increase target market sales and manage it by using different prospecting, tracking and selling methods.
  • Manage a portfolio in various stages of workout including liquidation, refinancing, restructure, rehabilitation, bankruptcy and litigation.
  • Respond, adhere and remain compliant with all consumer and business customer request.
  • Automate risk management strategies and regulatory compliance requirements through the bank's loan origination system.
  • Develop revenue enhancing opportunities target to consumers, marketing weight loss products and relate education to multiple healthcare providers.
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Business co-owner vs specialist-small business skills

Common business co-owner skills
  • Customer Service, 24%
  • Financial Statements, 12%
  • Market Research, 8%
  • Business Plan, 7%
  • Business Operations, 4%
  • Business Management, 4%
Common specialist-small business skills
  • Customer Service, 13%
  • Customer Relationships, 10%
  • Business Development, 7%
  • Business Portfolio, 7%
  • Business Administration, 6%
  • Business Accounts, 4%

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